August 8, 2017 | Toronto area realtors up nearly 78% since 2008

Danielle Park

Portfolio Manager and President of Venable Park Investment Counsel (www.venablepark.com) Ms Park is a financial analyst, attorney, finance author and regular guest on North American media. She is also the author of the best-selling myth-busting book "Juggling Dynamite: An insider's wisdom on money management, markets and wealth that lasts," and a popular daily financial blog: www.jugglingdynamite.com

This graphic from the Globe on Saturday summarized nicely another side to the realty madness in Canada. The ranks of realtors nationally is up just under 27% since 2008, with a staggering 77.8% more agents in the Toronto area. One thing for sure, 8 years of credit gorging, bidding wars and leaping prices do not make these folks investment experts, yet many buyers are following their advice. Like bugs to a zapper in summer.